3. PPECB Annual Report 2009-2010

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highlightsfinancial highlightsFinancial ManagementNet working capital improved from R61 million to R82 million.Current ratio improved from 3,5 in 2009 to 4,3 in 2010.Trade receivables collection period improved from an average of 38 days in 2009 to 36 days in 2010.Bad debt as % of total revenue improved from 0,2% in 2009 to 0,1% in 2010.Goods and services of R20,1 million were procured from BEE recognized suppliers of which 29% was from Black-ownedEntities and 42% from Qualifying Small Enterprises and Exempted Micro Enterprises.04PPECB | annual report | 2009 - 2010
operational highlightsA new business strategy, incorporating Value Added Services andbalancing objectives of short term productivity and longerterm growth strategies was defined and accepted by the Board.PPECB entered into a number of significant business partnerships:JFPM for training and small scale farmer development.University of Stellenbosch for synergies in Cold ChainR&D, including technology transfer.NAMC for capacity building in the emerginghorticultural sector.SAAGA local market campaign preventing immatureavocados on South African local markets.Partnership formed with DAFF on inland Citrus BlackSpot inspections.Improved stakeholder relations:Networks established with 17 African countries leadingfrom the International Harmonization Workshop.Improved relations with international organizations suchas the United Nations Economic Commission (UNECE),Organization for Economic Development (OECD).Improved relationships with leading inspectoratesaround the globe, i.e KCB in Holland, HMI in the UK,BLE in Germany, etc.Continuation of sector specific stakeholdermanagement increased service delivery levels to thevarious industries.Significant projects:International Harmonization Workshop on CommercialQuality Standards of Fresh Fruit and Vegetables forCountries of Africa. (Africa Products StandardsWorkshop.)Alternative sampling methodology project.EDI.Employee Wellness Programme.New systems:The PPECB laboratory in Pretoria added to its capabilityby introducing Gas Chromatography to complementits already successful validated analysis using HPLCtechniques. The GC capability allows us to identify andquantify the amount of individual fatty acids present inan oil sample. It is the method of choice for theseanalyses because of convenience and sensitivity.The Harmonization Programme increased its consistencymeasures to include pome and stone fruit as well asthe Cold Chain. The programme was further enhancedby increasing the number of consistency measureswhich ties in with the programme’s strategic theme.As part of the capacity building trajectory of theorganization, the Harmonization Programme increasedits scope for accelerated skills transfer to include pomeand stone fruit, and developed a new programme foraccelerated skills transfer on grain and grain products.PPECB | annual report | 2009 - 2010 05
Page 4 and 5: our visionA Partner in Global Compe
Page 8 and 9: The PPECB Cold Chain monitoring fun
Page 10 and 11: usinessoverviewcontentsHistoric Tim
Page 12 and 13: Historic Timeline1926 - 20101926192
Page 14 and 15: strategic intentPPECB is committed
Page 16 and 17: executiveoverviewcontentsBoard of D
Page 18 and 19: eport by thechairpersonElaine Alexa
Page 20 and 21: executive committee2009 / 2010Luvuy
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Page 24 and 25: StrategicObjectiveKeyPerformanceInd
Page 34 and 35: eport by thechief financial officer
Page 36 and 37: sustainabilityreportcontentsEthics
Page 38 and 39: the ppecb brandPPECB acts as an ind
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Page 42 and 43: Agri-Export Technologist ProgrammeP
Page 44 and 45: technologyTechnology enables the PP
Page 46 and 47: operationalreportcontentsStatutory
Page 48 and 49: statutory operations overviewThe fo
Page 50 and 51: the monitoring of product temperatu
Page 52 and 53: Active stakeholder engagement resul
Page 54 and 55: value added servicesPPECB’s Value
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corporategovernancecontentsRisk Man
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Top 5 RisksPPECB Discloses its Top
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structureThis corporate governance
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The Risk Management CommitteeThe Ro
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controlsInternal ControlInternal co
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annualfinancialstatements31 March 2
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independent auditor’s reportINDEP
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directors’ reportIntroductionThe
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statement of changes in net assetsN
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statement of financial performanceN
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c) Standards, interpretations and a
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of the Board's activities. Revenue
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The Board's exposure to concentrate
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2010R2009RDurban - Portion 1 of Erf
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5.5 Temporary Idle Assets and Asset
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8 Cash and Cash EquivalentsCash at
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13 Expenses by NatureEmployee expen
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20 Actual Income and Expenditure co
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world cup tickets expenditure sched
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3. PPECB Annual Report 2009-2010

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